Tuya Inc. AGM: All Six Resolutions Secure >99% Shareholder Approval

Bulletin Express06-18

Tuya Inc. reported that every agenda item at the 18 June 2026 Annual General Meeting (AGM) in Hangzhou passed with overwhelming support, confirming management stability and renewing key corporate mandates.

Key attendance statistics • Share record date issued share capital: 613.37 million shares, comprising 543.21 million Class A and 70.16 million Class B shares. • Depositary-held 0.25 million Class A shares (0.04% of total) abstained from voting in line with Hong Kong Listing Rule 17.05A. • Voting rights: Class B shares carry 10 votes each for most resolutions; voting arrangements followed the company’s tenth amended memorandum and articles.

Voting outcomes 1. Adoption of FY 2025 audited financial statements received 100.00% of votes cast (949.95 million votes). 2. Director re-elections: – Executive Director Mr. Chen Liaohan: 100.00% approval (949.95 million votes). – Independent Director Mr. Qiu Changheng: 99.22% approval (316.01 million votes). – Independent Director Mr. Yip Pak Tung Jason: 100.00% approval (318.49 million votes). – Remuneration authorisation for the Board/Compensation Committee: 100.00% approval (949.95 million votes).

3. General mandate to issue, allot or transfer up to 20% of issued Class A shares/ADSs: 99.998% approval (949.93 million votes).

4. Share and ADS repurchase mandate of up to 10% of issued shares: 100.00% approval (949.95 million votes).

5. Extension of the issuance mandate by the amount of shares repurchased: 99.74% approval (947.47 million votes).

6. Re-appointment of PricewaterhouseCoopers and PwC Zhong Tian LLP as joint auditors for FY 2026: 99.99% approval (318.47 million votes).

Board and governance notes • All eight directors attended the AGM in person or via electronic means. • Computershare Hong Kong Investor Services Limited acted as scrutineer for poll counting. • The company holds no treasury shares and has no repurchased shares pending cancellation.

Implications The near-unanimous support across all items affirms investor confidence in Tuya’s current leadership, capital management flexibility and audit oversight as the company progresses into the 2026 financial year.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment